Quote from: luckyrichh on February 25, 2022, 09:00:16 AM

Could Bitcoin be the Public Currency of the Future? I`m new to this topic.
So I would like to know if you think the opportunities, risks, advantages, and disadvantages of Bitcoin are our future currency.
And if you think it can happen, what will
Bitcoin be for us in the next few years? What will we pay for in the next 7-10 or 15 or 20 years?

That's a good question that denotes that you are new to this. The initial idea when it was created is that Bitcoin would be an electronic cash system that would not depend on any central authority, therefore potentially being able to replace cash for all types of transactions.

Over the years we have seen a number of problems and limitations, including the number of transactions that can be processed and the speed of confirmation. Even a solution that allows more transactions to be processed almost instantaneously, such as the Lightning Network, does not seem to be a solution for Bitcoin to be used for all transactions on a global scale.

As of today it seems that Bitcoin will be something like digital gold, something valuable that people have to keep but that will also be used for certain transactions and for day to day transactions like paying for a coffee, people will continue to use fiat (state money) Bitcoin but with Lighting Network or other cryptocurrencies.